Projects selected in an upcoming auction will have access to a financing scheme of the Climate Fund (Fundo Clima) managed by BNDES
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
The Chinese-Canadian company has secured $20 million in funds to support the construction of a 191 MW PV plant in Brazil.
The Chinese module maker has signed an agreement to set up a solar module manufacturing facility in Brazil. The local government hopes the new factory will attract more investments.
Installations are increasing under net metering. Last year 45 MW was added under the program.
The company has commenced installation of its SF Utility tracking system at the project, with which it will reach 450 MW of installed capacity in Brazil.
The combined capacity of all of the solar installations on net metering in Brazil stands at 57.6 MW.
The yieldco’s first statement regarding its 2016 financials shows plenty of cash, but Global is remaining in the red overall.
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